WEB NEWS

Global Surfaces Limited (BSE: 542829, NSE: GSLSU), a company specializing in the production and distribution of high-quality engineered surfaces, has announced that it has recently bagged an order worth USD 1.58 Mn from M S International, Inc. The order is for the manufacture and supply of engineered quartz surfaces in various designs and specifications as specified by the customer, along with other terms and conditions as set out in the purchase order. Earlier, the company announced its earnings for Q1FY26. In its key highlights for Q1FY26, the company added that its Dubai facility started contributing meaningfully to consolidated results, showing early signs of operational stability. This facility would not just act as a hedge against global trade risks, but as a core growth engine for demand from MENA, Europe, and other tariff-sensitive markets. The Dubai facility brings a structural advantage of flexibility, access, and protection against external shocks. The strategic measures mad...

Gopal Snacks Limited (BSE: 544140; NSE: GOPAL) a leading FMCG company in India renowned for its high-quality snack products, has announced the successful establishment and operationalization of a new Gathiya & Namkeen manufacturing facility at Modasa, Gujarat. This cutting-edge manufacturing facility features higher Capacity Fryers & Ultra-modern dispatch facility. Trail Production has been started as on this date, further progress on rump up of Production will be communicated in due course of time. This new facility partially restores the production capacity of the Rajkot plant, which was affected by a Fire. Post this fire incident, major hurdle was Supply Chain since different products were manufactured at different locations, resulting in higher order service time and inconvenience to dealers. With commissioning Modasa facility, company is confident that Supply Chain Issues will be addressed, since Dealer requirement will be meet from single location and company is also expe...

by Priya Jadhav     परमसंत सद्गुरूदेव श्री हंस जी महाराज की 125वीं जयंती के सुअवसर पर कार्यक्रम “ईश्वर एक है, मानवता एक है — और प्रेम ही सभी धर्मों का सार है।”           — परमसंत सद्गुरूदेव श्री हंस जी महाराज परमसंत सद्गुरूदेव श्री हंस जी महाराज, आध्यात्मिक गुरु, मानवतावादी एवं आधुनिक युग में सच्चे आत्मज्ञान के प्रवर्तक थे। वे 8 नवम्बर 1900 को उत्तराखंड के हरिद्वार के निकट ग्राम गाड़गी सेड़िया, पट्टी तलाई, पौड़ी गढ़वाल में जन्मे, उन्होंने अपना संपूर्ण जीवन अंतर शांति, मानव एकता और स्व-ज्ञान के प्रसार हेतु समर्पित किया। अपने दिव्य ज्ञान और करुणा के माध्यम से उन्होंने अनगिनत आत्माओं को यह अनुभव कराया कि परमसत्य प्रत्येक मनुष्य के भीतर निहित है। अपने सत्संग कार्यक्रमों के माध्यम से मानवता को यह सिखाया कि सच्चा धर्म — मानव धर्म — भेदभाव रहित प्रेम और एकता का धर्म है जिससे पूरे विश्व को एक किया जा सकता है। उन्होंने समाज को जाति, पंथ, और धर्म के बंधनों से ऊपर उठने हेतु सतत प्रेरणा देते रहे और 1944 में हरिद्वार के समीप गंगा तट पर श्री प्रेमनगर आश्रम की स्थापना क...

Dev Information Technology Limited, (NSE: DEVIT, BSE: 543462), a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced that the company’s board has announced that its board has approved raising of funds through issuance of up to 1.50 crore warrants convertible into Equity Shares at a price of Rs. 45.45/- per Warrant aggregating to Rs. 6817.50/- Lakhs to Aeroflex Enterprises Limited, Non- Promoter, on a preferential basis Earlier, the company bagged a significant work order from RajCOMP Info Services Ltd., a Government of Rajasthan undertaking. The project, titled “Portal Websites,” involves the delivery of comprehensive IT/ITeS and software development services. The scope of work includes enhancement of integrated web portals and applications to ensure improved responsiveness and mobile compatibility across Government digital platforms. Key deliverables i...

by Priya Jadhav  Mumbai, October 18: Ritvaa, a new-age jewellery brand with a legacy rooted in gold craftsmanship, made a star-studded premiere with noted Bollywood actress Sonali Bendre unveiling its SmartGold Jewellery collection at a glittering launch event held at the Intercontinental, Mumbai. The evening saw the launch of Ritvaa’s elegant line of SmartGold Mangalsutras — designs that beautifully blend timeless traditions with modern sophistication. Each piece celebrates the strength, grace, and individuality of today’s woman, for whom tradition is not a constraint but an expression of self. For centuries, the mangalsutra has been more than an ornament — it is a sacred symbol of love, trust, and commitment. With Ritvaa SmartGold, this eternal sentiment finds a new voice — lighter in feel, versatile in design, and enduring in beauty. Welcoming guests at the event, Mr. Hanissh Jaain, Co-founder of Ritvaa, shared,“Ritvaa’s SmartGold jewellery is crafted for the woman who embodies ...

Recently bagged INR 173 Million Global RF Antenna Order Kavveri Defence & Wireless Technologies Ltd., a leader in advanced RF solutions, serving defense, aerospace, public safety, counter-drone systems, and fixed wireless access, has announced that it plans to expand its manufacturing operations with the construction of a new facility at its existing site in Surajakkanahalli, Bengaluru. The new facility will add 10,000 square feet of manufacturing space, with the flexibility to expand up to 50,000 square feet in the future. This investment will enable the company to increase production throughout, streamline supply chain workflows, and strengthen its capability to serve both domestic and international demand across the defence, wireless, and industrial communication sectors. Following this expansion, the company’s current headquarters will be redesigned as a dedicated Research and Development Centre. The headquarters will now house advanced antenna design laboratories, RF testing i...

The strong market debut comes despite muted grey The shares of Manas Polymers and Eneraies made a bumper market debut or October 6, listing at Rs 153.90 apiece on the NSE Emerge platform. This marks a premium of 90 percent over the SME IPO price of Rs 81 apiece. The strong market debut comes despite muted grey market expectations Manas Polymers and Energies IPO GMP: Ahead of listing, the unlisted shares of the company were trading with around 4 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. About Manas Polymers and Energies IPO: The company had launched its initial public offering to raise Rs 23.5 crore through an entirely fresh issue of more than 29 lakh shares. The price band was set at Rs 76-81 apiece. Investors could bid for a minimum of 1,600 shares, requiring an investment of Rs 1,29,600 at the upper price band, and in multiples thereafter The maiden public issue of the maker of food- grade PET preforms, bottles, jars and caps was fully s...

Sacheta Metals Ltd. (BSE: 531869), one of India’s growing manufacturers of aluminium and stainless steel kitchenware, has announced that its Board of Directors will meet on October 04, 2025, to consider the declaration of an Interim Dividend. Founded in 1990, Sacheta Metals Ltd. is one of India’s leading manufacturers of aluminium and stainless steel kitchenware, offering a diverse portfolio that includes aluminium utensils, castings, sheets, circles, non-stick cookware, pressure cookers, slugs, foils, coils, foil stock, PP sheets, coils for PP, and other houseware. It is also a prominent producer of stainless steel kitchenware, catering to the evolving needs of households across the country. With state-of-the-art machinery and modern production facilities, Sacheta is well equipped to deliver both standard and customized solutions, meeting specific requirements in terms of shape, size, design, thickness, and weight. It maintains stringent quality controls to ensure that every product i...

Krupalu Metals Ltd. is a growing manufacturer of a wide range of brass and copper products. The company’s IPO opened on September 08, 2025, looking to raise INR 13.48 Crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹13.48 crore, has been launched with the objective of funding capacity expansion, strengthening working capital, and meeting general corporate needs. Krupalu Metals IPO closes on Sep 11, 2025. The allotment for the Krupalu Metals IPO is expected to be finalized on Sep 12, 2025. Krupalu Metals IPO will list on BSE SME. Krupalu Metals IPO price is ₹72.00 per share. Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Anant Securities. To meet growing demand, the company will invest ₹581.05 lakhs in advanced plant and machinery, aimed at broadening its product range and enhancing capacity for brass and copper products. Incorporated in 2009, Krupa...

A total development area of approximately 206,000 sq. ft., the project is anticipated to have a Gross Development Value exceeding ₹ 200 crores. Arisinfra Solutions Ltd. (NSE, BSE: ARISINFRA) is pleased to announce that its subsidiary, ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a leading Development Management partner, together with Vaishnavi Residences, an emerging real estate developer based in Bengaluru, has announced the proposed launch of Arsh Greens—an exclusive community of villa plots within the city limits of Bengaluru. Spanning 4 acres, the project offers a rare opportunity for villa living within city limits. Strategically located in Yelahanka, one of Bengaluru’s most prominent neighbourhoods, Arsh Greens is just 20 minutes away from Phoenix Mall of Asia—one of Asia’s largest malls, spread across 1.2 million sq. ft. and home to over 296 retailers. With a total development area of 206,000 sq. ft., the project is anticipated to have a Gross Development Value (GDV) exceeding ...

Suditi Industries Ltd. announced that the company is entering a new phase of growth, powered by favorable GST revisions and strong momentum from its recently acquired kidswear brand, Gini & Jony. In its press release the company shared, “Unlike peers heavily dependent on exports, Suditi’s domestic-first focus shields it from tariff volatility abroad. With global supply chains realigning, Indian brands are gaining prominence, creating fresh opportunities for Gini & Jony to expand its consumer base and strengthen brand loyalty.” The anticipated reduction of GST on apparel from 12% to 5% is expected to provide a twofold boost: Stronger Consumption: Lower taxes are likely to fuel festive season demand, benefitting both Suditi’s mill operations and retail presence. Improved Margins: Reduced tax outflow will lift profitability, providing flexibility for reinvestment and expansion. Market Re-Rating Reflects Confidence Since Suditi’s acquisition of Gini & Jony in November 2024, the...

Collaboration to accelerate financial inclusion across Indonesia and India via AI optimized agent networks and financial inclusion. MOS Utility Limited (NSE: MOS), a fintech innovator in India and DigiAsia Corp. listed on NASDAQ (Symbol: FAAS), a leading Indonesian fintech platform, have announced an expanded strategic partnership that extends beyond payments into branchless banking, AI-driven infrastructure, and financial inclusion solutions targeting a US$30+ billion opportunity. MOS’s technology will be integrated to scale DigiAsia’s branchless banking across Indonesia, onboarding over one million merchants as financial service agents and expanding access to underserved communities. DigiAsia and MOS will co-develop advanced AI capabilities, including AI Agent Performance Scoring – predictive models for identifying high-potential agents, Cash Management AI – liquidity forecasting to reduce cash shortages at the agent level, and AI Conversational Assistant – multilingual voice and cha...

Nakoda Group of Industries Limited (BSE: 541418, NSE: NGIL)desires to organize the manufacturing, supply and co-packing of Patel Beverages Pvt Ltd.'s Products with their trade-name/brand name “NOCTRL" Nakoda Group of Industries Limited will get entry in the consumer product segment of beverage, soft drink, and energy drink segment which will increase the product range of company and Patel Beverages Private Limited will get new client and a boost in there turnover and capacity utilization. The company products also include assorted range of Makhanas which are in good demand. Nakoda Group of Industries Limited has its manufacturing capacity to meet the rising demand for its premium food products, and is monitored by experts. Established in 1989, Nakoda Group of Industries Limited is a prominent name in the manufacturing and trading of premium-quality Tutti Frutti (Diced Chelory), dry fruits, grains, and pulses. Initially founded as a proprietorship, the company evolved into a pr...

Dev Information Technology Limited, (NSE – DEVIT, BSE - 543462), a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced that it has bagged a significant work order from RajCOMP Info Services Ltd., a Government of Rajasthan undertaking. The project, titled “Portal Websites,” involves the delivery of comprehensive IT/ITeS and software development services. The scope of work includes enhancement of integrated web portals and applications to ensure improved responsiveness and mobile compatibility across Government digital platforms. Key deliverables include development using the Adobe Experience Manager platform along with associated mobile application components. Dev Information Technology Ltd. holds active work orders valued at ₹50 crores approximately from various Government entities across India. Earlier, the company has secured significant orders worth ...

Shreeji Shipping Global Ltd., is a leading provider of integrated shipping and logistics solutions for dry bulk cargo across India and Sri Lanka, has listed on at a premium of 8% to IPO price. Shreeji Shipping Global IPO was a book build issue of ₹410.71 crores. The issue is entirely a fresh issue of 1.63 crore shares of ₹410.71 crore, with price band set at ₹252.00 per share. IPO closed on Aug 21, 2025. Beeline Capital Advisors Pvt. Ltd. is the book running lead manager Anand Rathi further assigned a “Subscribe Long Term” to the IPO, and added, “Shreeji Shipping Global Limited is recognized as a leading and well established player in the field of integrated shipping and logistics services in India. The company has successfully built and maintained long-standing relationships with reputed institutional customers across several critical industries. Over the years, it has also developed a strong presence in cargo handling operations, particularly in the dry bulk cargo segment. In additio...

Arisinfra Solutions Ltd. (NSE, BSE: ARISINFRA) is pleased to announce that its subsidiary, ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a leading Development Management Partner, and Merusri Developers, a prominent Bengaluru-based real estate developer, today announced the launch of Merusri Sunscape, a boutique luxury villa community on IVC Road. Spanning 5.5 acres, the project is set to redefine high-end living in one of the city’s fastest-growing corridors. With a total development area of 275,000 sq. ft. and a saleable area of 235,000 sq. ft., the project is anticipated to have a Gross Development Value (GDV) exceeding ₹250 crore. The launch begins with a high-powered Channel Partner (CP) event on August 27–28, expected to see participation from over 500 CPs, followed by the official public launch on August 30. Merusri Sunscape comprises 76 exclusive villas, with 52 units released in Phase 1. Ranging from 2,410 sq. ft. to 3,850 sq. ft., the villas are available in 3- and 4-BHK confi...

by Priya Jadhav  Intensive 50-Day camp and focus on mobility, prepares U Mumba players to convert strength into speed and match-day impact ahead of season 12   Mumbai, August 22, 2025:When U Mumba take the mat in Season 12 of the Pro Kabaddi League on August 30, they will do so wearing a special jersey paying tribute to their iconic 2015 championship triumph. Launched today to mark the 10-year anniversary of that maiden title, the jersey symbolises one of the league’s most dominant campaigns while also heralding a new era of fitness-driven preparation. To commemorate this milestone, U Mumba unveiled a Season 12 jersey inspired by the iconic Season 2 championship kit. The design stays true to the team’s orange-and-black identity while weaving in modern elements, including a nod to Mumbai’s Airport, symbolising a bridge between past triumphs and future ambitions. Alongside the tribute, the franchise signalled its forward drive, investing in a fierce new fitness push through...

  With this addition, the company’s integrated supply-and-services order book has risen to nearly ₹850 crore, including ₹750 crore in contracts secured post-listing. BSE & NSE listed Arisinfra Solutions Limited, a leading tech-enabled supply and services network for India’s construction and real estate sectors, has strengthened its order book with ₹100 crore in newly secured integrated supply-and-services contracts.  The mandates, awarded by Arsh Greens and Eternity Group, cover a diverse mix of asset classes including plot-ted developments, villas, and apartments reinforcing Arisinfra’s position as a preferred partner for India’s real estate and construction ecosystem. With these wins, Arisinfra’s North Bengaluru portfolio now stands at over 2.45 million sq. ft. of RERA carpet area, representing a Gross Development Value (GDV) of approximately ₹1,400 crore. The new contracts comprise around ₹50 crore in execution services and material supply contracts worth over ₹50 crore...

Julien Agro Infratech Ltd., a growing player that has expanded into construction and civil works, has announced that its board, on Monday, August 18, 2025, inter-alia, approved the proposal for issuance of Bonus Equity Shares to the shareholders of the Company, in the ratio of 1:1 i.e One (1) bonus equity share for every one (1) equity share held by the members of the Company as on the record date. Earlier, the company announced that it has secured an order for “Unbranded Rice” amounting to INR 118.30 Million. This marks a significant order for the Company, which has been specializing in agricultural products for the past two years. This fresh order is expected to further enhance its business growth and contribute to the achievement of the company’s long-term goals. The order is anticipated to be completed by March 2025. Earlier, the company’s board approved a 1:2 sub-division/ split of the equity shares of face value of Rs. 10 to Rs. 5, and fixed January 06, 2025 as record date for st...

Dharmaj Crop Guard Limited (BSE: 543687, NSE: DHARMAJ), one of the fastest-growing agrochemicals Company, announced its financial results for Q1FY26. The Revenue was reported at INR 3674 Mn, showing a growth of 44% YoY. EBITDA came in at INR 507 Mn, growing 88% YoY, and PAT jumped 116% YoY to INR 326 Mn. Commenting on the results, Mr. Rameshbhai Talavia, Chairman and Managing Director, said: “Dharmaj has commenced FY26 on a strong footing, delivering robust top-line growth of 44% YOY in the first quarter. This performance was supported by favourable market conditions, particularly a good start to the domestic Kharif season, aided by early rains and healthy rainfall levels across most parts of the country as of early August. According to the India Meteorological Department, above-average rainfall is expected for the remainder of the season in August and September. Our core Formulations business has continued to be the bedrock of our performance and sustained healthy momentum across both...

Julien Agro Infratech Ltd., a growing player that has expanded into construction and civil works, has announced that its board will meet on Monday, August 18, 2025, inter-alia, to consider and approve the proposal for issuance of Bonus Equity Shares to the shareholders of the Company.  Earlier, the company announced that it has secured an order for “Unbranded Rice” amounting to INR 118.30 Million. This marks a significant order for the Company, which has been specializing in agricultural products for the past two years. This fresh order is expected to further enhance its business growth and contribute to the achievement of the company’s long-term goals. The order is anticipated to be completed by March 2025. Earlier, the company’s board approved a 1:2 sub-division/ split of the equity shares of face value of Rs. 10 to Rs. 5, and fixed January 06, 2025 as record date for stock split. As a result of the company's dual focus on marketing and construction/civil works, turnover and prof...

The initial public offering (IPO) of Sri Lotus Developers has garnered an overwhelming response from investors, with the issue being subscribed a staggering 74 times, making it one of the most successful listings in the recent real estate IPO landscape. What sets this IPO apart is the extraordinary demand from institutional investors. The Qualified Institutional Buyers (QIB) category alone saw an oversubscription of 175 times, reflecting strong institutional confidence in the company’s business fundamentals, project pipeline, and market positioning. A Sharp Contrast with Other Real Estate Peers Sri Lotus Developers’ IPO performance stands in stark contrast to recent real estate sector IPOs, many of which witnessed muted or modest interest: ● Kalpataru Projects International’s IPO was subscribed just 2 times overall, with QIB subscribed 3 times ● Rustomjee Group’s Keystone Realtors saw a total subscription of 2 times, with the QIB segment subscribed 4 times. ● Macrotech Developers (Lodh...

Siyaram Recycling Industries Ltd. (BSE: 544047), a growing player in the manufacturing and imports/recycling industry, has announced that it has secured a noteworthy order from Charbhuja Impex and Om Guru Impex for Brass Scrap Honey, total order worth INR 84.74 Million. Ace investor Mukul Agrawal holds 10.10 stake in the company as per shareholding data uploaded for quarter ended 31 March, 2025. The company recently posted its H2FY25 financial results, which showed continued operational strength. Siyaram Recycling reported revenue from operations of ₹266 crore in the second half of FY25, up 8 percent HoH from ₹245.7 crore in H1FY25, and up 34 percent YoY from ₹198 crore in H2FY24. Net profit for H2FY25 came in at ₹7 crore, a slight decline of 9 percent HoH compared to ₹7.7 crore in H1FY25, but showed a remarkable 112 percent growth YoY from ₹3.3 crore in H2FY24. The numbers reflect stable demand and improved operational efficiency across domestic and global markets. Siyaram Recycling I...

Garment Mantra Lifestyle Ltd (BSE: 539216) witnessed a strong pickup in export orders from key international markets including the Middle East and Southeast Asia. Export revenue clocked Rs. 74.20 Million in Q1 of FY 25-26, supported by new client acquisitions and repeat orders from existing overseas buyers. Retail and Distribution Expansion: Strengthened regional footprint with the launch of new products while keeping in mind demands from Tier-2 cities. Expanded dealer and distributor network coverage in key domestic markets. Key Milestone – First Government Order: Successfully secured its first order from a Government department and completed the delivery on time, marking a strategic entry into the institutional sales segment. Revenue from the same has been generated Rs. 47.18 Million in the current quarter. Commenting on the performance, Mr. Prem Aggarwal, Managing Director of Garment Mantra Lifestyle Limited, said: “We are pleased to report a robust start to FY 2025-26. The strong ...

Kavveri Defence & Wireless Technologies Ltd., a leader in advanced RF solutions, serving defense, aerospace, public safety, counter-drone systems, and fixed wireless access, has announced that Til-Tek, the North American wholly owned subsidiary of the company, has been approved as a vendor by a leading US-based multinational engaged in large-scale industrial and infrastructure solutions, with a strong global presence across the United States, Europe, and the Asia - Pacific region. The customer plays a pivotal role in enabling advanced connectivity and automation across critical industrial  systems. Til-Tek’s RF antenna products have now been exclusively embedded into their network design framework, following a rigorous technical qualification process. This development underscores Kavveri’s growing credibility in delivering robust, high-performance wireless RF products for complex deployments. Notably, this engagement follows the replacement of a long-standing international incu...

Dev Information Technology shares 7 per cent after it received a ₹1.29 crore order from NICSI for Integrated Financial Management System Shares of Dev Information Technology rose nearly 7 per cent on Tuesday after the company received a ₹1.29 crore order from NICSI for Integrated Financial Management System.  The IT-enabled services firm's stock rose as much as 6.6 per cent during the day to ₹120.8 per share. The stock pared gains to trade 4.9 per cent higher at ₹118.9 apiece, compared to a 0.06 per cent decline in BSE Sensex as of 12:15 PM.  Shares of the company have risen for the second straight session, but are a long way off from their all-time high level of ₹191 per share. The counter has risen nearly 29 per cent so far this year, compared to a 5.3 per cent gain in the benchmark Sensex index. Dev IT has a total market capitalisation of ₹268.04 crore Dev IT bags ₹1.29 crore order The company landed a key order from the National Informatics Centre Services Incorporated (NI...

Regis Industries Limited (BSE: 543208), a growing player engaged in supply of heavy engineered process equipment, has announced that its board will meet on July 25 to To consider and recommend declaration of issue of bonus shares to the equity shareholders of the company. Further board will approve and take on record the Un-Audited Financial Results of the Company for first quarter ended on 30th June 2025. Regis Industries Limited, is a listed public company with a legacy spanning over four decades. Headquartered in Kolkata, the Company is committed to building long-term value through strategic initiatives and robust governance practices. In recent years, Regis Industries has focused on streamlining operations, optimizing costs, and strengthening its financial foundation. The company is actively exploring new opportunities to restart and scale operations in sectors that promise sustainable growth. Company’s core businesses include manufacturing and supply of heavy engineered process eq...

Winsol Engineers Limited, a leader in EPC (Engineering, Procurement, and Construction), Operations, and Consultancy services, has announced that the Company has received two service orders worth approximately INR 9.49 Cr and one purchase order worth approximately INR 12.11 Cr, aggregating to a total of INR 21.60 Cr, from Adani Green Energy Limited, for the supply of materials and associated services required towards the establishing of 33KV Transmission line for 300.5 MW Wind Power Project, Mundra. Earlier, the company announced that it delivered an exceptional performance, reflecting the strength of its business model, disciplined growth strategy, and operational excellence. Since its listing, the company has remained focused on resilience, efficiency, and long-term value creation—principles that continue to drive strong results. The company further added, “Our Company’s Standalone Sales for the Financial Year 2024-25 have surged to INR 1105.08 Million* (approx.), increasing at an ex...

Sri Lotus Developers, a leading player engaged in real estate development, backed by ace investor Ashish Kacholia, and several bollywood stars, had earlier filed preliminary papers with the capital markets regulator SEBI to raise Rs 792 crore via initial share sale, and has received final approval from the Securities and Exchange Board of India (SEBI). The IPO comprises of solely fresh issue with no offer-for-sale component. Promoters hold 91.78 percent stake in the Lotus Developers, and the remaining 8.22 percent equity stake is held by 150 public shareholders including bollywood stars, Ashish Kacholia, NAV Capital, Dovetail Global Fund, Minerva Ventures, Oppbasket. On September 16 last year, the company had raised Rs 139.4 crore via private placement with allotment to investors including Money Spinners, Sera Investments, Smart Algo Solutions, NAV Capital, Dovetail Global Fund, Minerva Ventures, Yantra E-Solarindia, and Oppbasket. Further, on December 14 last year, it has mopped up Rs...

  Seasoned executive to turn founder to revolutionize wealth management with elite team and institutional backing Marking a bold leap from corporate leadership to entrepreneurship, fintech industry veteran Prabhakar Tiwari, a renowned name in the digital broking experience with previous experience in leading discount brokers, is close to launch of his new WealthTech venture, Project Drone, with Share India Securities (NSE: SHAREINDIA, BSE: 540725) as strategic partner, which is in process of obtaining relevant approvals. This new venture marks Tiwari’s transition from accomplished fintech executive to startup founder in this space, bringing his extensive experience in driving digital transformation and customer-centric innovation to the forefront of wealth management. Project Drone aims to bridge critical gaps in India’s wealth management ecosystem by offering intelligent, technology-led solutions tailored for emerging and mass affluent Indians, especially across Tier 2, 3, and 4 c...